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State Pension to IRA Penalty
I didn't stay with my last job long enough to be fully vested in the state pension plan (SC PEBA). As a result, I had one year to pull the money out or I would lose everything.
I rolled the money over into my IRA - which I was told would prevent any fees or penalties.
I've entered it all into Turbo Tax, but now it's telling me that I will have ongoing penalties until I repay what I took out. Did I enter it incorrectly? how do I fix this?
March 13, 2022
10:15 AM